I understand that solar panels generate low DC voltage, and public power lines require high AC voltage. I am also aware of the device called Power Inverter which converts DC power with low voltage to (ideally same) AC power with a higher voltage.

But I don't believe that just connecting input of the inverter to solar panels and output of it to the AC line would work. I think the phases of the inverter output and the public AC voltage must match each other.

I also feel that I would need a different power-meter for my house. Because the current one is designed for one-way transfer of electricity; it may not be detecting the direction of power transfer.

What hardware is used for this purpose? I want implement the circuits myself if I can. Please guide me on this. Is there any article explaining the electronic details and background of selling home-generated DC voltage to the electric company?

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7

You need to ask the electric company. Connecting something without their permission is likely to be a criminal offence, as well as possibly dangerous to their technicians.
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Brian DrummondDec 17 '12 at 12:38

I didn't know I had to buy a standard official device. And I didn't know the danger of attempting to build my own device. That's why I asked it here. Why am I getting down-votes for that?
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hkBattousaiDec 17 '12 at 12:55

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Probably downvoted because you asked us about selling electricity to your electric company, but forgot to mention who they were. I could point you to the Scottish Hydro website, but that might not help you much. This site might : microgenerationcertification.org
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Brian DrummondDec 17 '12 at 13:07

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A "Grid Tie" will automatically match Frequency & Phase, it will also shut down on failure of Mains from the power company. As you add power to your mains, your power meter will slow down, because you will be providing some of your own usage. If by some rare event, you use less power than you are inputing, your power meter will run the other direction. A "Grid Tie" is very efficient (electrically), Solar conversion and battery storage is in-efficient. Google Images will show circuits, e-bay will give pricing ideas.
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OptionpartyDec 17 '12 at 14:09

2 Answers
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You need an on-grid inverter, and you can buy them far cheaper than you can possibly build them. In any case the power company and electricity regulator won't let you implement the circuits yourself unless you're prepared to spend thousands on certification tests, including requirements to for example shutdown within a millisecond of mains loss.

This isn't something you can or should build at home. Building your own inverter to power stuff in your house is one thing, but connecting it up to the power lines could kill people working on power outages in your neighborhood.